Central Garden & Pet Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Dec. 25, 2021

The following is a reconciliation of the numerators and denominators of the basic and diluted per share computations for income from continuing operations.


	Three Months Ended
	December 25, 2021
	Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	9,009	53,491	$	0.17
Effect of dilutive securities:
Options to purchase common stock	—		632	—
Restricted shares	—		786	(0.01)
Diluted EPS:
Net income available to common shareholders	$	9,009	54,909	$	0.16


	Three Months Ended
	December 26, 2020
	Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	5,613	53,734	$	0.10
Effect of dilutive securities:
Options to purchase common stock	—		414	—
Restricted shares	—		538	—
Diluted EPS:
Net income available to common shareholders	$	5,613	54,686	$	0.10

Options to purchase 2.6 million shares of common stock at prices ranging from $13.82 to $51.37 per share were outstanding at December 25, 2021, and options to purchase 3.0 million shares of common stock at prices ranging from $10.63 to $38.97 per share were outstanding at December 26, 2020.

For the three months ended December 25, 2021 and December 26, 2020, approximately 21.0 thousand and 0.5 million options outstanding, respectively, were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and therefore, the effect of including these options would be antidilutive.